1 Dec 05 - Pension scheme in Italy
Source: The Straits Times, Dec 1, 2005
Italy:
The state pension system has helped make Italy one of the world's most indebted nations. At 15% of gross domestic product, its pension spending is among the highest in Europe.
To ease the pressure, a 2004 law raises the retirement age for men to 60 from 2008 or after 40 contribution years.
posted by Dee at 8:21 AM
1 Comments:
Isn't 60 still a little early to retire? Should make it 65 man! Not only that, work 5.5 days a week to make the economy more productive! Heehee...
6:51 PM
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